Infinity Economics is rolling out smart contracts feature

Infinity Economics is to release smart contracts feature on its platform on May 5 that will symbolize the end of the Core update cycle
03 April 2018   454

Earlier in March Infinity Foundation has released a Feature Roadmap along with the Core update. The roadmap is significant as it tracks the height of its blockchain and upon reaching a certain height a new feature (crowdsourcing, escrow service) is automatically activated for the community. The final step of the roadmap is set to Smart Contracts feature. The height is set at 695,640th block.

According to the project's whitepaper, smart contracts are deemed one of the most promising applications of the blockchain technology. As a bright example, Atomic Cross Chain transactions enable truly decentralized trading between cryptocurrencies. Potentially, it allows a trader to exchange a token for a coin with a mixing service for the sake of privacy and send the coin to a new wallet.

Another application that IEP is eyeing is smart auction. Participants could send money to the contract, and every time a larger bid arrives, the previous gets automatically refunded. Among other applications are autonomous corporations,  gambling, self-mixing and smart properties.

As of the moment of publication, Infinity Economics market parameters are as follows

Average price: $0.013351

Volume (24H): $187,074

Barclays to Freeze Crypto Trading Project

This is reported by two anonymous sources to Financial News London
15 October 2018   100

One of the largest UK bank Barclays has suspended work on its own crypto-trading project, Financial News reports citing two sources familiar with the situation.

Earlier this year, the bank gathered a high profile team to explore opportunities for cryptocurrency trading as part of its own business. However, according to one source, the initiative was “frozen”.

The former head of Barclays for energy trading, Chris Tyrer, who headed the “digital assets project,” left the bank in September after management decided to freeze the initiative.

Together with Tyrer, the macro-strategy in the field of foreign exchange and emerging markets was Marvin Barth, Senior Technical Specialist Lee Brain, and Consultant Matthew Jobb Duval.

Their task was to determine whether cryptocurrencies are an asset class with far-reaching prospects, whether Barclays customers are interested in them and what type of IT infrastructure will be needed to work with them, the source said.